John Edwards on Antitrust; UPDATED
Joining Sen. Obama, John Edwards has provided the American Antitrust Institute with a statement on antitrust. It is a lot more, uh, interesting than Sen. Obama’s statement. Also, he writes that “We should modernize our antitrust laws to make oil and gas companies liable for unilateral anticompetitive acts – such as withholding supply in order to raise prices – even without an agreement.” Perhaps I am misreading this, but I am pretty sure the United States does have laws that address unilateral anticompetitive acts. Also, by definition, doesn’t a unilateral act preclude an agreement between two or more parties?
UPDATE (Hanno): “Speaking as an Iowan and as an antitrust lawyer, I would not feed this speech to livestock, but I think it would make good fertiliser,” says Abbott B “Tad” Lipsky, of Latham & Watkins LLP in Washington, DC. (From GCR)
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November 11th, 2007 at 8:54 am
[...] unknown wrote an interesting post today onHere’s a quick excerptObama, John Edwards has provided the American Antitrust Institute with a statement on antitrust. It is a lot more, uh, interesting than Sen. Obama’s statement. Also, he writes that “We should modernize our antitrust laws to make oil and … [...]